A society's economic system is defined by:
A) the degree of scarcity it faces.
B) the way in which basic economic decisions are made.
C) the forms into which its businesses are legally organized.
D) its type of government; that is, whether it has a dictatorship or a democracy.
Correct Answer:
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Q4: Which of the following is NOT a
Q5: Every country in the world, regardless of
Q6: The way a society is organized to
Q7: Decisions about what goods and services will
Q8: With reference to the basic economic decisions,
Q10: The way in which a country makes
Q11: Which of the following statements best describes
Q12: Which of the basic economic decisions always
Q13: An economy that relies largely on custom
Q14: The economic systems of people such as
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